Apparently, $US 1.23 billion in U.S. sales is a disappointment, from a Wall Street perspective, as Reuters reports that April's reported take sent video game stocks downward. Software sales only seeing 68% growth from the previous year? Unacceptable! Merely $US 654.7 million in software? Sell, sell, sell!
May, however, could bring much bigger numbers with the release of Wii Fit—and maybe some of that Grand Theft Auto IV run-off—projected to increase 160% on the software side says Kaufman Bros. analyst Todd Mitchell. If we're looking at May 2007 numbers, that means we may see software sales alone top $US 712 million. Still chump change, but at least we're making progress.
Hardware dollars are expected to double, which makes us wonder just how amazingly fit this country will be by bikini season.
Bears hunt video game stocks [Reuters]